Cinemaya Media Group Inc. Announces Reduction of Debt

Coral Springs, FL - (WORLD STOCK WIRE) - October 2, 2008 -- Cinemaya Media Group Inc. (OTC PINK SHEETS: CNMY) announced today that the company has reduced their debt of $250,000 in a deal reached with MEC Holdings LLC.

With the completion of the agreement with MEC Holdings LLC, Cinemaya Media Group announced that the principal amount of their debt owed to Golden Gate Investors would be the responsibility of MEC Holdings LLC.

“I would like to thank MEC Holdings as we have completed our acquisition of Cinemaya Media Group with the agreement reached today with regard to the Golden Gate debt. The company will now proceed with the execution of our newly adopted business plan and movement towards the OTCBB,” stated Rick Papaleo, President of Cinemaya Media Group.

The company will unveil its expanded business plan over the coming day along with the new symbol from NASDAQ and the details of the plan. The company has decided on SNM Global Holdings, Inc. as the new company name, as they are moving towards a holding company structure. Details to follow. The company explains that reason for the delay was due to the ongoing negotiations and recent developments. The board has also asked Mel Rich to remain on until the new board members are announced. Please visit www.pinksheets.com to view updated financials.


Investor & Media Relations
Tel: 760-329-4169
email: cnmy@wsmg.biz


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company filings with the Securities and Exchange Commission.


Rick Papaleo, President
Cinemaya Media Group, Inc.
9291 NW 13th Place
Coral Springs, FL 33071
USA

Phone: 954 827 2898


Source: Cinemaya Media Group, Inc.
Note: The following press release was submitted by: Cinemaya Media Group, Inc., and World Stock Wire, Inc. is not liable for the contents of this press release.